Property & Casualty Insurance

ACE Limited (ACE) completed the acquisition of Rain and Hail Insurance Service, Inc. for approximately $1.1 billion in cash. During the third quarter, ACE Limited inked the deal to acquire 80% of the outstanding Rain and Hail Insurance Service, Inc. for a cash consideration of $1.1 billion. ACE...

ACE Limited (ACE) completed the acquisition of Rain and Hail Insurance Service, Inc. for approximately $1.1 billion in cash. During the third quarter, ACE Limited inked the deal to acquire 80% of the outstanding Rain and Hail Insurance Service, Inc. for a cash consideration of $1.1 billion. ACE...

ACE Limited (ACE) completed the acquisition of Rain and Hail Insurance Service, Inc. for approximately $1.1 billion in cash. During the third quarter, ACE Limited inked the deal to acquire 80% of the outstanding Rain and Hail Insurance Service, Inc. for a cash consideration of $1.1 billion. ACE...

Piper Jaffray has an Overweight rating and a $35 price target on shares of Assured Guaranty (NYSE: AGO), which is 100% higher than where shares are today. In a note sent to investors, Piper Jaffray writes, "Following meetings with management we reiterate our Overweight rating on AGO shares,...

ACE Limited (NYSE: ACE) announced today that it has completed its acquisition of Rain and Hail Insurance Service, Inc. for approximately $1.1 billion in cash. The purchase price reflects a dollar-for-dollar adjustment as required under the merger agreement to account for an increase to Rain and...

According to Reuters, Allstate (NYSE: ALL) is suing Bank of America (NYSE: BAC) over losses it incurred from Countrywide. It's suing BAC and 18 other defendants for more than $700 million, regarding mortgage securities it had purchased throughout the years. "Defendants knew the loans offloaded onto...

Piper Jaffray is out with a research report this morning, where it reiterates its Overweight rating on Tower Group Inc. (NASDAQ: TWGP); it has a $35.00 price target on the stock. The PJ analysts said that, following the PJC Insurance Summit, they continue to believe their thesis is intact and...

Wunderlich Securities has a Buy rating and a $32 price target on shares of Tower Group, Inc. (NASDAQ: TWGP). In a note sent to clients, Wunderlich writes, "We recently met with Tower Group, Inc.'s (TWGP) Chairman, CEO and President Michael Lee and CFO William Hitselberger. Mr. Lee spoke confidently...

Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid....

Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid....

Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...

Cusick's Corner The market is drifting back and forth like the snow. Trading volumes are pretty low today, some traders are still on holiday and the blizzard on the East Coast kept many traders home. The rest of the week may be rather quiet unless there are some major domestic or international...

Through an acquisition of its holding company, Data and Staff Service Co., RLI Corp. (RLI) will acquire Contractors Bonding Insurance Company. RLI Corp. will pay a cash consideration of $137 million. The acquisition is expected to close in the first quarter of 2011 subject to regulatory approval...